DALLAS, TX – Knightvest Capital, a vertically integrated multifamily investment firm, announced the acquisition of the Mockingbird Flats apartment community in Dallas, Texas. This successful close marks the fifth acquisition in Knightvest’s Fund II.
Built in 2012, the 417-unit apartment community is centrally located next to Southern Methodist University (SMU) and the Park Cities in Northeast Dallas. The five-story mid-rise property features ground floor retail and offers an average unit size of about 800 square feet. Knightvest plans to fully renovate the majority of the units and make substantial enhancements to the community’s amenities. As part of the renovation efforts, Knightvest has renamed the community to Belclaire.
“This acquisition marks a unique opportunity to apply our expertise in renovating and repositioning properties to such a marquee Dallas multifamily community,” said David Moore, Knightvest founder and CEO. “As we look at macro trends impacting our industry, it’s clear that younger generations including Gen Z increasingly view apartment communities as longer-term destinations, and this acquisition bolsters our footprint with this core demographic in a high growth market.”
Belclaire’s proximity to Downtown and Uptown Dallas, combined with its walkable retail options, makes it a unique and attractive living space. The property’s location near SMU further enhances its appeal, with the recent success of the university’s football team and its impending status as a Research 1 (R1) institution driving a remarkable increase in student applications. Knightvest is enthusiastic about the Dallas market as it continues to be one of the fastest-growing major cities with a robust economic outlook.

NASHVILLE, TN – Olympus Property announced the acquisition of The Griff, a 255-unit luxury apartment community located in the heart of Germantown, one of Nashville’s most dynamic and historic submarkets. Built in 2019, The Griff exemplifies modern urban living while providing unparalleled access to the economic and cultural vibrancy of Nashville.
Building on its strong track record in the multifamily real estate sector, Olympus Property’s acquisition of The Griff further strengthens its presence in key growth markets. This acquisition marks Olympus’ entry into the Germantown submarket, bringing its Tennessee portfolio to over 1,200 units across owned and managed properties and contributing to its Southeast region portfolio which now exceeds 7,300 units. Established in 1992, Olympus Property has grown to own and manage more than 35,000 units across 16 states, driven by a hands-on approach and a commitment to delivering exceptional living experiences. Leveraging its extensive experience and operational expertise, Olympus is well-positioned to ensure strong performance at The Griff while consistently providing value to both residents and investors.
“The acquisition of The Griff is a testament to Olympus Property’s focus on investing in high-growth markets with significant economic momentum,” notes Wade Madden, Chief Executive Officer at Olympus Property. “The property’s premier location in Germantown, coupled with its luxury amenities and proximity to transformational developments, makes it a valuable addition to our portfolio.”
Strategically located in the heart of Germantown, The Griff benefits from its proximity to redefining developments, such as the Neuhoff District, a $563 million, 900,000-square-foot mixed-use destination featuring blue-chip employers, retailers, and acclaimed dining, and Oracle’s $1.2 billion East Bank campus, which is set to bring 8,500 high-paying jobs. A planned pedestrian bridge will connect The Griff directly to these developments, enhancing its walkability and appeal. Nashville’s pro-business environment has attracted major companies like Amazon, Oracle, and Meta, driving $8.6 billion in recent investments and another $16 billion expected in the next five years. With daily in-migration averaging 80-100 new residents, the area has become a top destination for upscale living, offering unmatched access to employment, dining, and entertainment.
The Griff seamlessly blends historic charm with modern luxury, offering studio to two-bedroom apartments ranging from 589 to 1,251 square feet. Residences include floor-to-ceiling windows, stainless steel appliances, wine refrigerators, and private balconies or patios. Community amenities feature a sky lounge with panoramic views, a fitness center with a Peloton studio, a private recording studio, a riverfront courtyard with a fire pit, a pet park, and a multi-level parking structure.

DALLAS, TX – S2 Capital, a national vertically integrated multifamily investment manager, announced the acquisition of a distressed multifamily portfolio consisting of five properties facing foreclosure in Dallas, TX, Nashville, and Knoxville, TN.
S2 invested $60 million of rescue capital in a new joint venture with the existing Limited Partner through a structured preferred equity investment and secured a new 5-year $170 million senior loan through ACORE Capital. S2 will take over as the general partner with full operational control across property, asset, and construction management plus major decision rights to protect the preferred equity investment. The transaction was sourced off-market.
The five properties are located in markets with growing demand for multifamily housing and limited new supply:
Landmark at Gleneagles at 4909 Haverwood Lane, Dallas, TX, offers spacious 1 and 2-bedroom units, swimming pools with natural landscaping and easy access to shopping, dining, and entertainment.
Stone Ridge at 500 Piccadilly Row, Antioch, TN (a Nashville suburb) offers generously sized 1 to 3-bedroom units with patio/balcony, 2 swimming pools and sundeck.
Hickory Highlands at 100 Hickory Highlands Dr, Antioch, TN, offers 1 and 2-bedroom units, 9-foot ceilings, 3 swimming pools, and is located near Percy Priest Lake.
North Park Apartments at 5237 Tillery Rd, Knoxville, TN, offers 1 to 3-bedroom units and a park-like setting with biking and hiking trails.
The Park at Fountain City at 2132 Adair Dr, in Knoxville, TN offers 1 to 3-bedroom units and nearby walking and biking trails.
Ryan Everett, Managing Director, Head of Acquisitions of S2 Capital, said, “This transaction is a great representation of how S2 is taking advantage of targeted distress in today’s market. Our vertically integrated operating platform, in tandem with our discretionary capital, positioned us as the preferred partner to step in as the new GP and programmatically address the in-place operating issues through the implementation of a new business plan.”
“This investment allows us to expand our geographic footprint to Tennessee, where we have planned to invest in the Nashville and Knoxville markets for several years. Our internal data analytics platform projects Southeast Nashville to be a top quartile submarket for investment, given the continued year-over-year demand growth of 11% while supply and permits have plummeted by 80% to less than 2.5% of inventory, coupled with expected strong household formation and in-migration.”

LEWISVILLE, TX – Ashcroft Capital, a fully integrated multifamily investment firm, announced the recapitalization of the Avery, a luxury garden-style community in Lewisville, Texas. The recapitalization was achieved when the previous owner—a joint venture between Ashcroft and a private equity limited partner—sold the property to a joint venture between Ashcroft and Virtus Real Estate Capital.
The Avery, which features 304 apartment homes, is one of Ashcroft’s 18 apartment communities in the Dallas/Fort Worth Metroplex. The recapitalization was one of two acquisitions that Ashcroft completed in the second half of 2024, joining the firm’s late-summer acquisition of Halston Waterleigh, a luxury garden-style community just outside of Orlando, Fla.
“We were very pleased to complete this recapitalization with an optimal partner, and it certainly was a positive transaction for all involved,” said Frank Roessler, founder and CEO of Ashcroft. “Avery is a great property of ours with a strong demographic that we wish to hold in our portfolio for the long term. Being able to do right by our selling limited partner while at the same time finding a great opportunity for a new LP is all we can ask for. We were able to do this by operating a best-in-class property management company, having deep LP relationships with great partners like Virtus and by creating value through continuing our business plan and enjoying the benefits of our fixed debt.”
“We are very excited to have the opportunity to partner with such a well-positioned, vertically integrated group as Ashcroft, with economies of scale, in a market we remain bullish on,” said Josh Colter, managing director of Virtus. “While many markets have had to deal with softening fundamentals, Dallas has the highest absorption in the country, one of the most robust economies and leads the country in nominal demand. We are confident Ashcroft’s team will keep adding value to this property so the residents can continue enjoying a great quality of life at Avery.”
Birchstone Residential, Ashcroft Capital’s in-house property management and construction management company, oversees the onsite operations of the Avery.
Looking ahead to the new year, Roessler anticipates increased transaction volumes for Ashcroft and for the multifamily industry as a whole. The company is currently under contract to acquire three off-market apartment communities and to sell two properties in the first quarter. Overall, Ashcroft hopes to acquire between five to eight apartment communities in 2025.
“We’re very optimistic about transactions picking up this year,” he said. “We don’t think we’ll see systemic distress, but sellers are adjusting their expectations and in some ways capitulating to a new market, while buyers and equity partners are becoming more practical in what they’re targeting. Ultimately, our hope is that 2025 is less of a banner year and more of a return to normality.”
While rent growth and occupancy rates have softened somewhat in recent years due to a wave of new apartment construction, the long-term fundamentals of the apartment sector remain strong, according to Roessler. Population growth in the Sun Belt continues, unit deliveries have slowed significantly, and new starts are few and far in between, all of which should create great opportunities for Ashcroft and Birchstone, Roessler added.
“We believe that demand for apartments will remain robust over the long term,” he said. “And with our property management company and our in-house procurement department, which allows us to acquire our renovation materials and renovate our communities at a significantly reduced cost, Ashcroft is uniquely positioned to capitalize on the health of the apartment industry and deliver targeted, risk-adjusted returns to our investors.”
Ashcroft’s portfolio stretches across Georgia, Florida, North Carolina, and Texas. The company also is exploring additional markets in the Sun Belt.

AUSTIN, TX – Palladius Capital Management, a vertically-integrated real estate investment manager with both debt and equity investment strategies, announced the acquisition of nine residential real estate assets with a total capitalization of $579 million, including five multifamily and four student housing communities, totaling more than 2,500 units.
Palladius acquisition strategy focused on investments in opportunistic and value-add residential real estate assets. For multifamily investments, Palladius targeted high-growth markets across the country with strong fundamentals, including positive trends in employment such as job and wage growth, re-urbanization, education, and infrastructure development. For student housing investments, Palladius targeted universities with high application/enrollment growth positioned to take advantage of flagship university spillover.
By strategically investing in residential real estate assets with these qualifications, Palladius expects to generate favorable risk-adjusted returns for its investment partners. Palladius acquired the portfolio on behalf of a recently closed Palladius-sponsored private real estate investment fund, which raised approximately $112 million in equity primarily in the private wealth channel.
The successful deployment of this fund speaks to our team s ability to strategically invest throughout various macroeconomic environments, said Marko Velazquez, Senior Managing Director at Palladius Capital Management.
Despite constriction in capital markets activity and transaction volume that sidelined many of our peers, we were able to take advantage of early tailwinds from a trajectory flip in interest rates and leverage our team s deep knowledge of our markets and residential asset classes to acquire properties at an attractive basis, said Manish Shah, Senior Managing Director at Palladius Capital Management.
Nitin Chexal, CEO of Palladius Capital, commented: We are pleased with the outcome in a highly challenging environment. We look forward to the continuation of value creation for our institutional and private wealth investment partners and our community tenants.
Palladius investment strategies, focused on creating short- and long-term value for its investors, are informed by decades of investment and property-level operating experience as well as deep local market knowledge. The firm s rapid AUM growth since its inception in July 2021 reflects the evolution of its platform, extensive network of relationships, and compelling value proposition.

BERKELEY, CA – Gilbane Development Company announced the groundbreaking of Pique, a new purpose-built student housing development located at 2587 Telegraph Ave in Berkeley, CA. Strategically positioned just four blocks from the University of California Berkeley (“UC Berkeley”), the project aims to redefine student living with modern amenities and thoughtful design.
Pique will transform the former Buffalo Exchange store into an eight-story residential building offering 52 units and 485 beds of purpose-built student housing. Scheduled for completion in summer 2026, the project includes 2,900 square feet of ground-floor retail space, enhancing the vibrant Telegraph Downtown Corridor.
Pique is set to elevate student living with its exceptionally designed unit mix, offering affordable Class A Premium Student Housing (PBSH).
“We are focused on making every inch count with efficiency, privacy, and functionality at the core of the design, driving innovation that caters to the needs of Berkeley students at an affordable price point,” said Christian Cerria Development Director at Gilbane Development Company. “Pique is the first student housing project in our portfolio to offer 100% of the units with balconies, bedroom/bathroom parity, bed/vanity parity, and split bathrooms that create an environment promoting privacy and mental well-being.”
The remarkable array of amenities is meticulously crafted for Berkeley students, providing an unparalleled blend of luxury and practicality. These include an indoor/outdoor yoga/fitness center, an outdoor study space, a cabana area, and two rooftop decks, one west-facing capturing stunning unobstructed views of the Bay Area for lively socializing while the other east-facing to create distinct spaces for serene contemplations. The project also includes a ground-floor coworking lounge, smart food lockers, private study pods on each floor, and comprehensive bike/scooter storage & charging stations to encourage eco-friendly transportation choices.
Inside the units, students will discover a suite of sophisticated conveniences that cater to their lifestyle needs. Each unit is equipped with stainless steel appliances and in-unit Laundry. Some larger 5- and 6-bedroom units are outfitted with dual washer and dryer sets and double pantries. In-home amenities such as key fob access, vinyl plank floors, stone countertops, flat-screen TVs, functional furniture, and doorbells, ensure a modern and secure living space. The commitment to fostering a connected community is further highlighted by the Community Terrace on Level 3, a specially designed space for relaxation and social engagement, enhancing the communal experience for residents.
“The groundbreaking of Pique marks a significant milestone for Gilbane Development Company and the Berkeley community,” said Katy Moore, Director of Leasing at Gilbane Development Company. “This development is not just about meeting the growing demand for student housing; it’s about fostering a sense of community and belonging among students and guests. We’re committed to creating spaces that not only contribute to the vibrancy of Berkeley’s downtown area but also support the well-being and interconnectedness of its people within the community.”
UC Berkeley, ranked #1 public university in the US by Forbes, faces a critical shortage of on-campus housing. Gilbane Development Company aims to develop dynamic communities that support students’ academic and social needs, contributing to their overall success and well-being.

BOULDER, CO – Thompson Thrift, a full-service nationally recognized real estate company and one of the nation’s leading multifamily developers, announced that it will develop Heritage on Hover, a 324-unit Class A multifamily community in the Boulder suburb of Longmont. Construction is expected to be completed in winter 2026.
“Longmont and the surrounding Boulder area have become a magnet for growth, attracting a thriving population and some of the nation’s fastest-growing private companies,” said Josh Purvis, managing partner for Thompson Thrift Residential. “With a strong economy, low unemployment, and a highly educated workforce, the demand for quality housing options continues to rise. Heritage on Hover will deliver a modern and luxurious rental experience, providing residents with the style, comfort, and convenience that Thompson Thrift communities are known for.”
Located near the intersection of Mountain Brook Dr. and S Hover St., Heritage on Hover will feature three-story buildings with one-, two- and three-bedroom layouts averaging nearly 1,000 square feet. Thompson Thrift apartment homes include premium interior finishes, including quartz countertops, stainless steel appliances, side-by-side refrigerators, full-size washers and dryers, large walk-in closets and multiple smart home capabilities. Additionally, select homes will feature cabinetry with soft-close doors, a deluxe closet system with shelving, premium lighting, a dry bar and advanced smart home capabilities. Private patios, balconies, yards and detached garage options will also be available.
Resort-style living will continue throughout the community with signature amenities, including an outdoor entertainment kitchen and grilling areas, a fully equipped 24-hour fitness center, a resort-style heated swimming pool and spa, electric firepits with seating areas, a billiards and shuffleboard area, a dog park, bike storage and a Starbucks™ coffee bar. Residents working from home will enjoy the convenience of focus suites and community-wide Wi-Fi. An on-site service team, valet trash service and a user-friendly mobile app will also be available.
Heritage on Hover will provide residents with walkable access to a Target-anchored retail center and presents a great opportunity for workforce travel via nearby I-25 to employment hubs in Boulder, Fort Collins and Denver.
According to a recent Smart Asset ranking, Longmont was ranked the #1 “Boomtown in America.” Boulder County, where Longmont is located, is one of the most educated counties in the country and is home to several advanced technology companies that specialize in cutting-edge research and development. Companies like IBM, Google, Microsoft, Oracle, Intel, Seagate, Xilinx, Lockheed Martin, Ball Aerospace, Sierra Nevada, and others populate the regional landscape.
Equity for the development was provided by Thompson Thrift 2024 Multifamily Development Fund, LP.
Thompson Thrift has been active in Colorado for 11 years and has developed over 4,700 units in the state, which currently includes 11 communities between Fort Collins and Colorado Springs.
Thompson Thrift is a full-service real estate development company focused on ground-up commercial and mixed-use development across the Midwest, Southeast and Southwest. Since its founding nearly 40 years ago, Thompson Thrift has invested more than $6 billion into local communities and has become known as a trusted partner committed to developing high-quality, attractive multifamily and commercial communities.

CLARKSVILLE, TN – Hamilton Zanze, a leading San Francisco-based multifamily real estate investment firm, announced it has sponsored the purchase of Reserve at Kirkwood, a 264-home garden-style apartment community in Clarksville, Tennessee. The acquisition closed on Dec. 18.
Mission Rock Residential, an affiliate of Hamilton Zanze, has assumed management of the property, which is situated approximately 45 miles northwest of Nashville along the Interstate 24 corridor.
“We are thrilled to announce the sponsored acquisition of our second property in the Clarksville metro area,” said David Nelson, President and Chief Investment Officer at Hamilton Zanze. “With significant investments from LG Chem, Amazon and Hankook Tire in the metro area, coupled with the area’s strong projected population growth, we are confident in the asset’s long-term success.”
Located at 3000 Dalton Smith Court, Reserve at Kirkwood was built in 2022 and offers one-, two- and three-bedroom apartment homes. Homes range in size from 805 to 1,305 square feet and include stainless steel appliances, quartz countertops, wood-style flooring, full-size washers and dryers, air conditioning, walk-in closets, ceiling fans and private patios or balconies.
Common-area amenities at the gated community include a resort-style swimming pool with sundeck, outdoor lounge, barbecue stations, resident clubhouse, business center, WiFi in social spaces, playground, onsite dog park, dog wash station and a state-of -the-art fitness center.
Situated approximately one mile east of I-24, Reserve at Kirkwood is within a 45-minute drive of Nashville’s lively entertainment scene and within nine miles of Austin Peay State University. Clarksville’s charming downtown area features a blend of historic buildings and a variety of dining, retail and entertainment outlets. The city offers a wide variety of nearby recreational outlets, including Dunbar Cave State Park, McGregor Park and Cumberland Riverwalk.
This transaction represents Hamilton Zanze’s seventh sponsored acquisition of 2024.

SEATTLE, WA – A partnership between Security Properties and an affiliate of Rockwood Capital closed on the acquisition of NV Apartments, a 284-unit multifamily property built in 2016 and located in Portland, Oregon, the two firms announced.
The property is located within Portland’s highly desirable North Pearl District. Situated along one of the city’s most dynamic corridors on 13th Avenue, NV benefits from its location near a vast range of retail, dining, and recreational options all within walking distance. Among other notable amenities, the property is just three blocks from a Safeway grocery store and one block from Fields Park, with 3.2 acres of serene open space, a jogging path, and an off-leash dog park.
The residential floorplans are comprised of one and two-bedroom units across a standard, townhome, loft, and penthouse spec. The property was delivered prior to Portland’s Inclusionary Housing Program, resulting in all units being leased at market rates. The unit interiors feature modern wood grain laminate cabinets with under-mount lighting, stainless steel appliances, hard surface countertops with under-mount sinks, and vinyl plank flooring.
The community amenities include an outdoor dog run and wash station, private dining room area, bike storage and repair station, fitness center, yoga studio, resident lounge, and large third floor courtyard area. The property also features about 4,100 square feet of ground level retail space. While the asset currently offers a high-end amenity package and well-appointed living units, the partnership has identified several opportunities to further emphasize these strengths.
According to Alex Gauper, Senior Director at Security Properties, “The acquisition of NV represented a unique opportunity to purchase a well-located, trophy high-rise at a compelling basis relative to replacement cost. As Portland’s urban core continues to build momentum, we believe NV is well positioned to fully capture the benefits of this trend and are excited to grow our existing portfolio in the area.”
Matthew Friedman, Managing Director at Rockwood Capital, added, “We are delighted to have acquired NV Apartments at an attractive price in Portland’s dynamic mixed-use Pearl District. The acquisition reflects our belief in the importance of mixed-use nodes, and we are excited to participate in the Pearl District’s renaissance by partnering with Security Properties on this investment.”

MIRAMAR, FL – FCP announced the acquisition of Alexan Miramar Apartments, a newly constructed 250-unit multifamily community located at 3155 SW 147th Terrace in Miramar, FL, part of the thriving Broward County market.
“Alexan Miramar is a strategic addition to FCP’s growing Florida portfolio,” said Bruce Gago, Senior Vice President at FCP and head of the company’s Florida investments. “In a challenging macro environment, FCP continues to identify and execute on opportunities that align with our commitment to delivering high-quality housing in prime locations. This acquisition underscores our confidence in South Florida’s long-term growth prospects and the demand for market-rate housing near key employment and retail hubs.”
The Alexan Miramar community offers residents thoughtfully designed studio, one-, two–, and three-bedroom apartments with premium amenities tailored to modern lifestyles. Highlights include:
Community Features: A resort-style saltwater pool, fitness center with rooftop activity deck, shaded 3,000-square-foot dog park, co-working spaces, a creative studio, and green spaces such as a hammock garden overlooking a scenic pond.
Apartment Features: Chef-inspired kitchens with quartz countertops, spacious bathrooms with dual access, hardwood flooring, and tech-forward amenities designed to accommodate today’s renters.
This acquisition reinforces FCP’s ongoing commitment to deploying capital in high-growth markets and expanding its footprint in Florida, where the company has been actively investing in multifamily communities.